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Milei to Meet Trump at UNGA, Says U.S. Financing Talks Are 'Very Advanced'

Market turbulence drives a push for U.S. support to reinforce Argentina’s reserves.

Overview

  • The Argentine Presidency confirmed a bilateral meeting with President Donald Trump in New York during the UN General Assembly on Tuesday morning.
  • Javier Milei said negotiations with the United States for financial support are very advanced, describing multiple ongoing talks to bolster Argentina’s position.
  • Media reports cite a potential U.S. Treasury deposit near $30 billion into Argentina’s central bank, which remains unconfirmed, and Treasury Secretary Scott Bessent has signaled possible use of the Exchange Stabilization Fund if conditions warrant.
  • The government frames the Trump meeting as a signal of confidence for markets and a statement of political alignment with Washington.
  • Currency pressures intensified late in the week, with the official dollar at 1,515 pesos at Banco Nación and parallel rates rising as country risk moved above 1,400 points.